Top 7 Ways To Retain The Value Of Your Vehicle

Top 7 Ways To Retain The Value Of Your Vehicle

Key Takeaways

1. A new paint job is a great way to increase the value of your car.

2. Make sure to get your car regularly serviced to maintain its value.

3. A well-maintained car is always more valuable than one that has been neglected.

4. Keep your car clean and free of any dents or scratches.

5. Don’t make any drastic changes to the car’s appearance.

Are you one of those people that constantly worry about your car’s depreciation? It’s a valid concern, as a brand-new vehicle can lose up to 20% of its value in the first year, and one can’t do much for depreciation. There are ways to retain more of your car’s value for longer.

No one wants to lose money on their car, especially when they know there are things they can do to retain its value. In this blog post, Auffenberg CDJR of Herrin will go over the top 7 ways to retain your car value.

Factors that Affect Car Value

While maintaining your car value, it’s important to be aware of the different factors that can affect it. Here are some factors to keep an eye on that can affect your car value when resale.

1. Depreciation

The value of your car will depreciate over time, no matter what you do. It’s a natural process for all vehicles!

2. Mileage

The number of miles on your car will affect its value. Generally, the lower the mileage, the higher the value.

3. Condition

Your car’s condition will play a significant role in its resale value. By taking care of it and keeping it clean, inside and out, it will retain more value than a car that hasn’t been well-maintained.

4. Personalizing Cars and Modifications

Personalizing your car to your taste may make driving more enjoyable, but it can decrease the car’s value. During the time of selling, potential buyers may not be as interested in a vehicle that has been customized, and they may be willing to pay less for it.

5. Location

The location of where you live can play a role in how much your car is worth. Suppose you live in an area with traffic and pollution. In that case, your vehicle will depreciate faster than in a small town or rural area.

6. Car Make and Model

Your car’s model and brand will also affect its value. Some cars are just worth more than others, plain and simple.

7. Accidents

Your car value could depreciate if it’s been in any minor accidents. Potential buyers will know that the car was involved in an accident, which may be concerned about hidden damage and part replacement.

Ways to Retain Car Value

Judging by the factors we’ve discussed, it might seem like there’s not much you can do to keep your car’s value high.

But don’t worry, quite a few things can maintain and even increase it.

Ways to Retain Car Value

1. Keep Up with Regular Maintenance and Oil Changes.

Maintaining your car can go a long way in preserving the value of your vehicle. By keeping regular maintenance, you can keep your car running and looking well.

 It means getting oil changes as per the manufacturer’s suggested timeline and fixing any issues that may come up.

2. Giving it a Thorough Car Wash

You can’t expect a potential buyer to be impressed with a dirty car. Whether you do it yourself or take it through a car wash, ensure the outside and inside of your car are clean before you show it off.

Keep your car waxed and polished to give it extra shine.

3. Protect it From the Elements

Bad and uncertain weather can take a toll on your car’s exterior. Whenever possible, park in a garage or under an overhang to keep it out of the snow and rain.

If you can’t avoid parking in the elements, it’s best to clean and dry your car regularly so that you may prevent further damage.

4. Drive Safe, and Follow Traffic Laws

Although it’s a known fact but bears repeating — driving safely will help keep your car in good condition. Not only does obeying the law keep you and other drivers safe, but it also helps maintain the value of your vehicle.

Drive within the prescribed speed limit and avoid sudden braking and hard accelerations, as they can cause long-term damage to your car.

5. Fix Dents and Door Dings ASAP

Not only do they look bad, but dents and door dings can also lead to rust and other damage. As soon as you notice any, take your car to a professional to have them repaired.

You can fix most minor dents relatively quickly and inexpensively, so it’s worth taking care of them immediately. Hire a car maintenance service.

6. Get a Paintjob to Avoid Rust

Rust is the enemy of all cars, and it can quickly decrease the value of your vehicle. If you live near the sea or notice any rust forming, take your vehicle to a professional to get a new paint job.

The paint coating will ensure that the metal underneath does not rust. However, avoid any funky color for the paint jobs as it will become harder to sell.

7. Use Floor Mats

Buy floor mats to keep your car clean from the inside and prevent the original carpets from wearing out too quickly. Apart from that, you can remove floor mats easily and clean them. This will allow keeping your car looking new for much longer.

Also Read: 7 Signs That It’s Time For A New Automobile

Conclusion

So, there you have it! These are just a few simple ways to retain your car’s value. By following these tips, you’ll be sure to get top dollar when it comes to selling.

Do you require an honest location to get your CDJR vehicle serviced?

Auffenburg CDJR of Herrin in Crainville, IL, is here to assist! We understand the significance of having a dependable automobile. We can handle it all, whether you own a Chrysler, Dodge, RAM, or Jeep! You want the most exemplary service for your vehicle, and we can deliver.

Make an appointment today to discover how we can help you!